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People: Zimbabwe governor given second term

Zimbabwe: John Mangudya was given a second five-year term as governor of the Reserve Bank of Zimbabwe by the country’s president Emmerson Mnangagwa.

The reappointment took effect from May 1, according to a statement from Zimbabwe’s cabinet issued three days later, media outlet Africa News reported. Local media outlets said the second term would be Mangudya’s final one. Mangudya was first appointed in 2014.

The RBZ faces some of the biggest challenges of any central bank. The central bank